
When shopping for a new car, you’ll come across advertisements with extremely low interest rates—even 0% financing deals. Finding a low or 0% interest car deal can be a great way to save, but first, how do these offers work?
Before signing on the dotted line and driving off the lot, it pays to become familiar with the ins and outs of 0% financing, including benefits, downsides and who’s offering it currently.

Who is offering zero percent financing on cars in Canada?
In Canada, brands like Chevrolet and Ford often offer 0% financing deals through their dealerships. These promotions typically run until the end of the month, though they’re sometimes extended into the next.
If you’re trying to find the lowest rate—whether that’s 0% or close—checking a loan search platform like Loans Canada or CarsFast can also be a helpful starting point. Loan search platforms partner with hundreds of dealerships to help you find the best offer for your next vehicle purchase.
Current 0% financing deals on cars in Canada
Check out the table below to see who is offering the lowest rates, starting at 0%.
Brand | Lowest APR available | Loan term | Model | Availability |
---|---|---|---|---|
Ford | 0% | Up to 72 months | 2025 F-150 STX | Across Canada |
Ford | 0% | Up to 72 months | 2025 Escape Plug-in Hybrid | Across Canada |
Ford | 0% | Up to 60 months | 2025 F-150 Lightning XLT | Across Canada |
Ford | 0% | Up to 60 months | 2025 Bronco Sport | Across Canada |
Chevrolet | 0% | 72 months | 2025 Equinox EV | British Columbia, Ontario, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Chevrolet | 0% | 72 months | 2025 Blazer EV | British Columbia, Ontario, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Chevrolet | 0% | 60 months | 2025 Corvette Stingray | British Columbia, Ontario, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Chevrolet | 0% | 72 months | 2025 Equinox | British Columbia |
Chevrolet | 0% | 60 months | 2025 Corvette E-Ray | Ontario |
Buick | 0% | 60 months | 2025 Envision | Ontario, British Columbia, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
RAM | 0% | 72 months | 2025 RAM 1500 Off-Roader Value Package | Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Quebec |
Chrysler | 0% | 72 months | 2025 Chrysler Pacifica Select AWD | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Cadillac | 0% | Up to 60 months | 2025 XT4 | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Cadillac | 0% | Up to 60 months | 2025 XT5 | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Cadillac | 0% | Up to 60 months | 2025 XT6 | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Cadillac | 0% | Up to 60 months | 2025 CT4 | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Cadillac | 0% | Up to 60 months | 2025 CT5 | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Ford | 0.99% | Up to 72 months | 2025 Mustang Mach-E | Across Canada |
Chevrolet | 0.99% | 60 months | 2025 Trax | British Columbia, Ontario, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Chevrolet | 0.99% | 60 months | 2025 Trailblazer | British Columbia, Ontario, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Buick | 0.99% | 60 months | 2025 Envista | Ontario, British Columbia, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Buick | 0.99% | 60 months | 2025 Encore GX | Ontario, Alberta, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Saskatchewan |
Volkswagen | 0.99% | 36 months | 2025 Taos Trendline | Across Canada |
Volkswagen | 0.99% | 36 months | 2025 Taos Comfortline Black Edition 4Motion | Across Canada |
Volkswagen | 0.99% | 24 months | 2025 Taos Highline 4Motion | Across Canada |
Cadillac | 0.99% | Up to 84 months | 2025 LYRIQ | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Cadillac | 0.99% | Up to 72 months | 2025 OPTIQ | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Volkswagen | 1.99% | 60 months | 2025 ID.4 | Across Canada |
Volkswagen | 1.99% | 60 months | 2025 ID.4 PRO | Across Canada |
Volkswagen | 1.99% | 60 months | 2025 Taos Trendline 4Motion | Across Canada |
Volkswagen | 1.99% | 60 months | 2025 Taos Comfortline 4Motion | Across Canada |
Subaru | 1.99% | 24 months | 2025 Forester Touring | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Audi | 2.48% | Up to 60 months | 2025 Q4 45 e-tron | Across Canada |
Audi | 2.48% | Up to 60 months | 2025 Q4 55 e-tron q | Across Canada |
Subaru | 2.49% | 24 months | 2025 Crosstrek | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Subaru | 2.49% | 24 months | 2025 BRZ | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Audi | 2.98% | Up to 60 months | 2025 Q3 40 TFSI q Komfort | Across Canada |
Audi | 2.98% | Up to 60 months | 2025 A3 Sedan 40 TFSI quattro Komfort S tronic | Across Canada |
Audi | 2.98% | Up to 60 months | 2025 Q7 45 TFSI q Komfort | Across Canada |
Audi | 2.98% | Up to 60 months | 2025 Q7 55 TFSI q Komfort | Across Canada |
Audi | 2.98% | Up to 60 months | 2025 S3 TFSI q Komfort | Across Canada |
Audi | 2.98% | Up to 60 months | 2025 SQ7 | Across Canada |
Ford | 2.99% | Up to 72 months | 2025 Bronco | Across Canada |
Chevrolet | 2.99% | 72 months | 2025 Silverado 1500 | Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick |
RAM | 2.99% | 72 months | 2025 RAM 3500 Limited Longhorn | Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick |
RAM | 2.99% | 72 months | 2025 RAM 2500 Limited Longhorn | Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, New Brunswick, Quebec |
Subaru | 2.99% | 24 months | 2025 Impreza RS 5-door | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Subaru | 2.99% | 24 months | 2025 Sport | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Subaru | 3.49% | 24 months | 2025 Ascent | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Audi | 3.98% | Up to 60 months | 2025 Q8 55 TFSI quattro Progressiv | Across Canada |
Audi | 3.98% | Up to 60 months | 2025 Q6 60 e-tron quattro | Across Canada |
Audi | 3.98% | Up to 60 months | 2025 A6 45 TFSI quattro Progressiv | Across Canada |
Audi | 3.98% | Up to 60 months | 2025 A7 55 TFSI quattro Progressiv | Across Canada |
Audi | 3.98% | Up to 60 months | 2025 A6 allroad 55 TFSI quattro Progressiv | Across Canada |
Audi | 3.98% | Up to 60 months | 2025 SQ6 e-tron q Progressiv | Across Canada |
Ford | 3.99% | Up to 60 months | 2025 Explorer | Across Canada |
Chevrolet | 3.99% | 84 months | 2025 Equinox | Ontario |
Volkswagen | 3.99% | 48 months | 2025 Jetta GLI | Across Canada |
Volkswagen | 3.99% | 36 months | 2025 Jetta GLI 6-speed manual | Across Canada |
Cadillac | 3.99% | Up to 84 months | 2026 VISTIQ | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Cadillac | 3.99% | Up to 84 months | 2025 ESCALADE IQ | Ontario, Saskatchewan, Manitoba, Alberta, Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island, British Columbia |
Subaru | 3.99% | 24 months | 2025 Outback | Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Quebec, PEI, Nova Scotia, New Brunswick, Newfoundland and Labrador |
Offers last verified on July 3, 2025 and expire on July 31, 2025 (where an expiration date is disclosed). Offers are on approved credit, vary by region and may have other conditions.
Compare car loans in Canada
If you don’t qualify for 0% financing in Canada or would like to consider alternatives, you can explore your options here.
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Did you know?
We’ve observed the following developments:
- There seems to be more 0% financing offers this month compared to the last two to three months.
- Some manufacturers, including Chrysler, Dodge and RAM, are now advertising pre-tariff pricing.
- Ford has reintroduced 0% financing on select models, including the popular Ford F-150.
What are the best car financing deals in Canada?
The best car financing deals are currently with Chevrolet, RAM, Cadillac and Ford. As of July 3, they’re offering 0% car deals on multiple models.
0% financing in one province, such as Ontario, may not be available in other provinces
The types of financing offers advertised by dealerships depend on where you live. So the low or 0% financing car deals at Ontario dealerships could be different from the deals offered at dealerships in Alberta or BC. It can even vary by city. Plus, the deals you qualify for will depend on factors like your credit score, income and whether you have a down payment.
When you’re ready to shop for your next car, check with a car loan search platform or local dealership to find out what financing offers are available to you.
Are these car brands offering 0% interest car deals?
As of July 3, 2025, here’s the 0% financing status for the following car brands.
Details last verified on July 3, 2025.
Where can you get 0% financing on trucks?
Ford, RAM and Chevrolet are currently offering 0% financing for select truck models, such as:
- Ford 2025 F-150 STX
- RAM 2025 1500 Off-Roader Value Package
- Chevrolet 2025 Silverado 1500
What SUVs have 0% financing right now?
SUVs that currently have 0% financing, or close to 0%, include:
- Ford 2025 Escape Plug-in Hybrid
- Ford 2025 Bronco Sport
- Chevrolet 2025 Equinox EV
- Chevrolet 2025 Blazer EV
- Buick 2025 Envision
- Chrysler 2025 Pacifica Select AWD
- Cadillac 2025 XT4
What does 0% financing mean on a car loan?
A 0% financing offer allows you to borrow money to buy a vehicle without having to pay interest and financing fees, which combined is known as the annual percentage rate (APR). Dealerships mostly offer this type of financing as a way to sell more cars. It is reserved for customers with excellent credit scores (usually above 700).
Banks or other lending institutions do not typically offer 0% financing on cars in Canada because these institutions have nothing to gain by offering this type of financing. On the other hand, a dealership will be more willing to offer 0% car financing deals since it gets you driving off the lot in one of their vehicles, and this helps move inventory.
0% financing sounds too good to be true. What’s the catch?
At first glance, 0% financing on a car is exactly as it appears: You purchase a new car at the agreed-upon price and then make monthly payments on the debt, with no interest for a set number of months. However, keep these points in mind:
- 0% interest may only be offered for part of the loan term
- To be approved, you’ll need a spectacular credit score (above 700)
- Negotiating the car price can be difficult
- 0% car financing deals are only available for certain makes and models
- You may not get as much money for your trade-in vehicle
- The loan structure will likely be set in stone
Pros and cons of car deals with 0% finance
Pros
- 0% interest. Paying no interest on your car loan can save you hundreds or thousands of dollars in the long run (depending on your loan amount).
- One-stop shop for financing. Dealerships offer 0% financing in Canada on car loans so you can drive off the lot in your new vehicle with a single transaction.
- Faster repayment. You’ll usually be able to pay 0% financing car loans off faster than you would with a traditional car loan (because terms are often shorter and there’s no interest).
- Lets you upgrade your car choice. You may be able to afford a more expensive vehicle or luxury upgrades such as a sunroof or alloy wheels with a 0% car loan.
Cons
- Only available from dealerships. 0% car loans are typically only offered by dealerships, which means you can’t get them from the bank or another lender.
- More limitations. You may only be able to get financing for certain kinds of vehicles with 0% car loans, such as those that the dealership is trying to move off the lot.
- More difficult to qualify. You can only qualify for a 0% car finance offer if you have good to excellent credit and a high income.
- Higher monthly payments. 0% financing often comes with shorter terms to reduce the risk that you’ll default (which means higher monthly payments).
- Risk that you’ll pay more. You could end up paying a higher price for your vehicle to make up for the lower interest rate (so your dealer still cuts a higher profit).
- May be a limited offer. You may only get 0% financing for a portion of your loan amount or as an introductory offer for a limited amount of time.
How to get 0% financing on new cars in Canada
- Check your credit score. Your first step in qualifying for a 0% car loan is to make sure your credit score is in excellent shape. You can do this by requesting a copy of your score from a major credit bureau such as Equifax or TransUnion.
- Shop around. Decide which vehicle you want to buy in advance and then shop around with a number of dealerships to compare prices. This makes sure you find a dealership that’s offering a reasonable price for the vehicle you’re interested in.
- Gather your documentation. When it’s time to visit the dealership, you’ll want to bring along information about your credit score and monthly income. If your credit score is low, you likely won’t qualify for 0% financing and may need to explore other options. You might also want to get car loan pre-approval first so you have bargaining power.
- Negotiate the deal. Work with your dealer to get the best deal possible on your loan. And keep in mind that there are always other options if your dealer won’t budge on certain conditions.
Red flags to watch out for with 0% car finance deals
There are a few red flags you need to watch for when shopping around for 0% financing in Canada:
- False promises. You should steer clear of lenders that offer 0% financing without checking your credit score or financial details.
- Higher vehicle prices. Avoid lenders that offer 0% car financing deals but have much higher vehicle prices than other dealerships in your local area.
- Introductory offers. Keep an eye out for deals that offer 0% financing for only a short introductory period but then start charging interest midway through your term.
- Bad customer reviews. Double-check online reviews for the lender you want to go with before you sign a loan contract to make sure there are no major issues.
How to get a good deal without a 0% interest car loan
There are a number of things you can do to get a better offer on your next vehicle, even if you don’t qualify for 0% financing deals, including:
- Get pre-approved. Get pre-approved for a car loan to find out how much you can spend. Instead of asking for details like your income and debt to confirm the exact amount you can borrow (like with mortgage pre-approval), pre-approval from car loan lenders in Canada is usually offered to get you into customer databases. You won’t be able to use the amount or terms as a bargaining chip elsewhere until you formally apply for a car loan and get a hard credit check.
- Compare prices. Compare different lenders to find out what rates and loan amounts you can qualify for. Once you know how much you have to spend, shop around to find any low or 0% interest car deals on offer for the vehicle you want.
- Shop for a used vehicle. Check out online offers for used vehicles or ask to see the inventory of used cars with your dealer. Just be aware that it can be more difficult to get financing if the vehicle is older or has high mileage. Learn more about buying a used car.
- Look for sales or special offers. Wait for sales such as employee-pricing events or cash-rebate offers to save the most money on your car. This will let you drive off the lot with the best deal possible.
- Improve your credit score. Work on improving your credit to make sure you can qualify for the lowest interest rates available. Start by finding out what credit score you need to get approved for a car loan.
Can I get 0% financing if I have bad credit?
Car dealers with 0% financing won’t offer this financing deal to borrowers with bad credit, as the dealer will consider the loan to be too risky.
The best way to get around this is to improve your credit score so that lenders see you as a reliable customer. If you need to purchase a vehicle using a car loan before you can improve your credit score, then be prepared to pay higher interest rates.
Plans to get a new vehicle
In the Finder: Consumer Sentiment Survey Q2 2023, 15% of respondents planned to take out a car loan in the next three months.
More than a third of Canadians (35%) who planned to buy a vehicle in the next three months expected to make the purchase at a new car dealership.
Bottom line
Getting 0% car financing deals can save you money on interest rates and let you pay your car loan off faster. The main downside of these loans is that they come with strict eligibility requirements and are usually only offered by car dealerships. But even if you can’t qualify for 0% financing in Canada, you can still lock in a low interest rate by comparing your options and getting prequalified with a variety of lenders.
Frequently asked questions
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